Town Hall Ohio

The average Ohio farm real estate value, including land and buildings, averaged $6,600 per acre last year, according to the National Ag Statistics Service. That’s a 3.9 percent increase from 2020. Ohio’s cropland value was $6,800, an increase of 5.3 percent from the previous year and pasture values in the Buckeye State were up 2.1 percent from 2020 at $3,440 per acre. On this Our Ohio Weekly, find out what has caused this spike in land values and if the bubble will pop anytime soon. 00:00 - Randy Dickhut, senior vice president of real estate operations with Farmers National Company and Chip Carpenter, Auctioneer/Broker at United Country Real Estate & Auction Services discuss what they are seeing when it comes to farmland values across Ohio and the Corn Belt. 16:50 - Dickhut and Carpenter talk about how today’s land market compares to the 1980’s and if the land value bubble will pop. 23:50 - On this episode of “To the Beat of Agriculture”, hear from Katelyn Hall, National Junior Miss Agriculture USA, about